Refer to Regression 1. What percentage of variation about the mean of the natural log of quantity is explained by the natural logs of price, price of the other good, and income?40.8%71.0%2.6%None of the above.

lucfit variable. Regression 2-A Lin-Lin Demand Function Regression Statistics Multiple R 0.84 R Square 0.70 Standard Error S Observations 51 ANOVA df SS MS F Significance F Regression 10500 3500.00 1 0.40 Residual 47 4500 95.74 Total 50 15000 Coefficients Standard Error Stat P-value Intercept 50:00 40:00 1.25 Price 0.22 -2.00 0.70 -2.86 PriceOtherGood 0.01 -7.00 3.75 -1.87 0.07